AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
MELLON CAPITAL MANAGEMENT CORPORATION
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and MELLON CAPITAL MANAGEMENT CORPORATION, a Delaware corporation
and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of December 15, 2006, as amended ("Agreement"),
whereby Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to certain investment portfolios of the JNL Investors Series Trust
("Trust"); and
WHEREAS, pursuant to the liquidation of certain funds from the Trust, the
following investment portfolios need to be removed from the Agreement:
Xxxxxxx Perspective European 30 Fund
Xxxxxxx Perspective Pacific Rim 30 Fund
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A effective June 25, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B effective June 25, 2009, attached hereto.
3. Schedule C to the Agreement is hereby deleted and replaced in its
entirety with Schedule C effective June 25, 2009, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be effective as of the 25th day of June, 2009.
XXXXXXX NATIONAL ASSET MELLON CAPITAL MANAGEMENT
MANAGEMENT, LLC CORPORATION
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxx
Xxxx X. Xxxxx Name: Xxxxxx X. Xxxxxx
Title: President Title: EVP & Chief Administrative Officer
SCHEDULE A
----------
EFFECTIVE JUNE 25, 2009
(Funds)
Xxxxxxx Perspective 5 Fund
Xxxxxxx Perspective Index 5 Fund
Xxxxxxx Perspective Optimized 5 Fund
Xxxxxxx Perspective S&P 4 Fund
Xxxxxxx Perspective VIP Fund
SCHEDULE B
----------
EFFECTIVE JUNE 25, 2009
(Compensation)
Xxxxxxx Perspective 5 Fund
--------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $50 Million 0.09%
$50 Million to $100 Million 0.06%
$100 Million to $750 Million 0.03%
Amounts over $750 Million 0.015%
Xxxxxxx Perspective Index 5 Fund
--------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $50 Million 0.09
$50 Million to $100 Million 0.06%
$100 Million to $750 Million 0.03%
Amounts over $750 Million 0.015%
Xxxxxxx Perspective Optimized 5 Fund
------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $50 Million 0.09%
$50 Million to $100 Million 0.06%
$100 Million to $750 Million 0.03%
Amounts over $750 Million 0.015%
Xxxxxxx Perspective S&P 4 Fund
------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $50 Million 0.09%
$50 Million to $100 Million 0.06%
$100 Million to $750 Million 0.03%
Amounts over $750 Million 0.015%
Xxxxxxx Perspective VIP Fund
----------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $50 Million 0.09%
$50 Million to $100 Million 0.06%
$100 Million to $750 Million 0.03%
Amounts over $750 Million 0.015%
SCHEDULE C
----------
EFFECTIVE JUNE 25, 2009 (Investment Objectives)
Xxxxxxx Perspective 5 Fund
--------------------------
The investment objective of the Xxxxxxx Perspective 5 Fund is total return
through capital appreciation and dividend income.
Xxxxxxx Perspective Index 5 Fund
--------------------------------
The investment objective of the Xxxxxxx Perspective Index 5 Fund is capital
appreciation.
Xxxxxxx Perspective Optimized 5 Fund
------------------------------------
The investment objective of the Xxxxxxx Perspective Optimized 5 Fund is total
return.
Xxxxxxx Perspective S&P 4 Fund
------------------------------
The investment objective of the Xxxxxxx Perspective S&P 4 Fund is capital
appreciation.
Xxxxxxx Perspective VIP Fund
----------------------------
The investment objective of the Xxxxxxx Perspective VIP Fund is total return.